What is a ‘green deal’?

Written By Dren Ferati

Green Deals refer to policies that address environmental challenges 

  • They focus on tackling climate change, promoting sustainability, and ensuring sustainable economic growth

  • Notable examples include the European Union’s Green Deal, the UK’s Green Deal, and the US’ Green New Deal

  • Each one has specific goals, but they generally emphasise renewable energy, energy efficiency, and reducing greenhouse gas emissions

Summary

  • “Green Deals” worldwide represent a significant shift towards sustainable development and climate change mitigation.

  • While the UK’s “Green Deal” faced challenges, it sparked interest and temporary employment growth in the Greentech sector.

  • The European Union’s ‘Green Deal’ offers a comprehensive framework for climate neutrality by 2050, promoting economic growth decoupled from resource use.

  • The US ‘Green New Deal’ focuses on achieving net-zero greenhouse gas emissions by 2030 through substantial renewable energy and infrastructure investments.

  • Global ‘Green Deals’ require technological advancements in renewable energy, energy storage, and smart grid investment to achieve long-term success and environmental sustainability.

Dren Ferati
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